Tuesday, November 22, 2016

Bank of Mum and Dad

Only going to end in tears.....

I cant understand how people aren't needing to cut back on spending on holidays/tv's/new cars etc based on how expensive Sydney properties are getting.

Unless while i wasn't looking people got major pay rises the amount of money being spent on debt repayments (/or investors rent) has to affect the economy in the long run.

Don't get me wrong, happy to profit from it in the mean time......but worried long term what this means for Australia........


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